This employment-based backlog is projected to double by fiscal 2030. The back log exists because the number of foreign workers whom US employers sponsor for Green Cards each year exceeds the annual statutory Green Card allocation. In addition to this numerical limit, a statutory seven per cent per-country ceiling prevents […]
Read moreChina Is Using More Coal Again. This Time It May Be a Good Thing
In this article China is burning more coal in yet another sign that the first country hit by a coronavirus outbreak is returning to a level of normalcy. Daily coal burn at select coastal plants has doubled from early February, at the height of the country’s lockdown to stop the […]
Read morePhilippine CB Cuts RRR To Boost Domestic Liquidity Amidst Covid-19 Pandemic
The Philippine central bank reduced the reserve requirement ratio of banks by 200 basis points, in order to boost domestic liquidity. The cut in reserve requirement ratio of commercial banks will ensure sufficient liquidity to support the economic activity amidst this global pandemic due to the coronavirus, or covid-19, the […]
Read moreDisney’s Iger, Chapek Take Pay Cuts Amidst Coronavirus Pandemic
Walt Disney’s executive chairman and former CEO Bob Iger will forgeo salary and his successor as chief executive Bob Chapek will take a 50% pay cut as companies addresss the economic upheaval and corporate and public pain and PR of the coronavirus. In a memo to Disney employees, Chapek said […]
Read moreFDA Issues Emergency Use Authorization For Anti-malaria Drugs For Coronavirus
The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) to allow anti-malaria drugs hydroxychloroquine sulfate and chloroquine phosphate donated to the Strategic National Stockpile (SNS) as possible treatments for coronavirus (COVID-19) patients. This is the first EUA for a drug related to the COVID-19 response. […]
Read moreHammerson shop rent takings down two thirds
Hammerson, one of Britain’s biggest shopping centre owners, was paid only about a third of the quarterly rent it was due last week as cash-strapped retailers struggled to survive the coronavirus crisis. Lockdown to spell disaster for thousands of pubs, restaurants and shops The company, which owns the Bullring in […]
Read moreGovernment coronavirus spending: Where is all the money coming from?
The Government’s response to the coronavirus pandemic has lead to decreasing economic activity in the UK. Prime Minister Boris Johnson announced Britain would essentially go into lockdown for the foreseeable future, urging people to stay home if possible to stop the spread of COVID-19. Before the impact of the pandemic, […]
Read moreDetroit Auto Show Canceled As Venue Turned To Hospital To Treat Covid-19 Cases
The 2020 North American International Auto Show, known as Detroit auto show, has been canceled as the venue is being converted into a field hospital to treat coronavirus or COVID-19 patients. The auto show, which was scheduled in June this year, will now be held on June 11, 2021. The […]
Read moreSocial Distancing In US To Continue At Least Until April 30
President Donald Trump, who a week ago said that he hopes the United States will shake off coronavirus by Easter, set the deadline as April 30 to continue with the social distancing guidelines. The U.S. Government announced on march 16 tougher guidelines for its citizens to follow to slow the […]
Read moreCoronavirus forces economics profession to leave comfort zone
With the coronavirus devastating one economy after another, the economics profession – and thus the analytical underpinnings for sound policymaking and crisis management – is having to play catchup. Of particular concern are the economics of viral contagion, of fear and of “circuit breakers”. The more that economic thinking advances […]
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